KARABAGH INCREASES GOVERNMENT FUNDS FOR BUSINESS DEVELOPMENT

Armenpress

STEPANAKERT, MAY 16, ARMENPRESS: Small and Medium-Sized Business
Support Center in Nagorno Karabagh, established by its government is
implementing a series of projects, including also release of privileged
loans to promote overall economic rise.

The 2005 budget has earmarked 800 million drams for development of
business, a striking rise from last year’s 200 million. Some 200
million drams are meant for wine-growing, cattle breeding and leasing
of agricultural machinery. Another 185 million will go to companies
manufacturing industrial goods